Take-Two Interactive forecasts Q2 bookings below estimates on soft gaming spends

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:Videogame publisher Take-Two Interactive Software forecast second-quarter bookings below Wall Street expectations on Thursday, a sign of sluggish spending on its popular titles such as "Grand Theft Auto" and "NBA 2K" in an uncertain economy. The downbeat projection highlights weakness in in-game spending on live-service titles as customers cut back on discretionary purchases amid a cost-of-living crisis and still-high inflation. The company expects bookings to be between $1.42 billion and $1.

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Take-Two Interactive forecasts Q2 bookings below estimates on soft gaming spends https://www.channelnewsasia.com/ - 09.08.2024 04:12

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Take-Two Interactive forecasts Q2 bookings below estimates on soft gaming spends https://www.channelnewsasia.com/ - 09.08.2024 04:12